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Markets · Investing · Business
Finance
Prediction: Earnings Growth Will Push Coca-Cola Stock to $100 Before 2028
Shares have to rise about 14% over the next 15 months or so. Can earnings growth get them there?
As I write, Coca-Cola(NYSE:KO) stock would need to climb about 14% from roughly $88 to hit $100 a share. The shares have already risen about 26% this year, and they closed at a record of almost $92 in late August.
With the end of 2027 about 15 months away, the climb works out to about 11% a year in price alone. A dividend yielding about 2.4% at the stock's current price comes on top of that.
Details
For a company whose organic revenue (sales growth excluding currency moves, acquisitions, and divestitures) rose 5% last year, 11% a year is arguably a fast pace. But I think the stock can get there, if earnings keep growing at their recent rate.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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